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Futures Movers: WTI crude oil gains as Russia-Saudi deal continues to generate buzz

The U.S. oil benchmark moved higher Tuesday, with analysts continuing to give credit for the advance to a pact between the world’s two largest crude producers, Russia and Saudi Arabia.

October West Texas Intermediate crude CLV6, +1.08% rose by 43 cents, or 1%, to $44.88 a barrel. November Brent crude LCOX6, -0.59% wasn’t joining WTI in marching higher, instead dropping by 38 cents, or 0.8%, to $47.24 a barrel.

Russian and Saudi officials on Monday said they will set up a working group to monitor the oil market and come up with recommendations to promote stability.

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